Overview
Most parents want to help their children financially, whether it is making sure there is enough money for their education or eventually helping them to buy a property. An early objective as they grow up may well be to help children understand the value and importance of money.
Whatever the reason, tax will be a major factor to consider, as will the risks of giving children too much money too soon.
Our trusted partners Chase de Vere have written this guide for parents and others to appreciate the basic tax and legal rules, and the investment products that are suitable for children, to help achieve the goals set for them.
Please note that all examples included in this guide are fictitious.
